Tuesday, February 19, 2019

NQ Guideline For Wednesday

NQ traded sideways in a narrow trading range below key resistance, the 200-dma on the daily chart, now at around 7100. Failure to clearly break above the 7100 level soon could trigger profit-taking and short-selling that could tank NQ down hard.
 
On the short-term intraday timeframe, on Wednesday NQ key resistance is at 7100 and key support is at 7060. A clear breakout of the range could cause a trending move out of the range. 
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